"by a designer in the Austrian Mint"
</irony>
Ha!

Alanis Morrisette! Ha!

Sorry, I could not find any reference to DIRT payable (when using the search option) for UK & European bank accounts for Irish residents and with the OAPs clogging up the Revenue phone lines for the next few days, wondering if anyone could confirm which Revenue form is applicable.

I have 40 to 50% of my savings in a German bank account, unfortunately in EUR and with the low interest rate have a relatively small amount of DIRT to be paid for 2011.

Any help would be appreciated.

It is my albeit simple understanding that as an Irish tax payer you are liable for DIRT on all interest earned from money on deposit regardless of its geographical location.

If you have already paid local taxes / withholding or EU tax on it this is taken into consideration when doing your revenue return if there is a double taxation agreement with that country.

A list of the countries that we have a double taxation agreement with can be found here http://www.revenue.ie/en/practitioner/l ... aties.html

would agree with that...but actually your German bank should, if are Irish resident, allow you to fill out a form that means you pay no dirt in Germany....its up to you to pay Irish dirt on your tax return, and yes you have to make a tax return...

thinking about it, its like the whole "non resident" accounts business in reverse, where people didnt pay Irish dirt but were lying about living in the UK.....

Hi

Followed a lot of people on here and opened a Keytrade account

Doing my tax return now. I don't seem to have any with holding tax deducted at source on my Keytrade account.

2 questions:

1. Should I have had tax deducted at source and if not am I tax compliant in Belgium?
2. What's my tax situation here in Ireland? Do I simply declare all interest credited to my Keytrade account with no foreign tax withheld?

It's not huge sums but want to make sure I'm fully compliant

Thanks in advance for your help

I was wondering that too. I got emails during the year telling me about changes to Belgian tax on deposits, but likewise I don't see any deduction for it.

So I plan to just declare it as income.

It seems from this year onwards Belgian banks will be applying witholding tax. Keytrade seems to have credited the most recent interest on the 31/12/2011 just before this change took place.

Has anyone considered peer to peer lending for their wedge?

http://uk.zopa.com/ZopaWeb/

www.ratesetter.com

Leaving aside for the moment the exchange rate issue - assume Pinster McInterweb has decided that sterling is where they want their wedge to live - what are the downsides? The return appears to be pretty competitive (5 - 8%, depending on risk profile)

You might have answered your own question there.

Any views on this sterling account?

http://www.nationwideuk.ie/about/latest ... unched.asp

If we are bounced out of the euro will these sterling accounts be converted back into Irish Lira?

Highly unlikely. It would be a logistical nightmare/major difficulty for the government to convert non EUR assets into a new currency.

Yeah, it was really tricky for the Argentinians to do it.

Any bank regulated by the Irish Central Bank is suspect...

It will have to be a non-resident account in another country, preferably in a bank that does not do business in Ireland.

So its basically similar to opening an Irish Rabobank a/c then apart from it is denominated in sterling?